The Adviser's Guide to Sales and Use Tax: State and Local Compliance and Planning Opportunities

The Adviser’s Guide to Sales and Use Tax:State and Local Compliance and Planning Opportunities gives you the information you’ll need to answer your clients’ state tax questions, including:

Do I have to file a return?

Is the transaction a sale?

Whose tax do I have to collect?

In this book you will learn about the often confusing terminology and nomenclature states use to describe sales taxes, including gross receipts tax, business and occupation tax, excise tax, privilege tax, transaction tax, or consumer levy.

Do you know what these terms mean: application service providers (ASP), software as a service (SaaS), and cloud computing? Most practitioners don’t. And, even if they do, they probably don’t know whether they are taxable, and, if so, how they should be taxed. With this Guide, you will learn what steps to take when confronted by an ASP, SaaS, or cloud computing issue .

Other topics covered in this book include:

Basis

Carryovers and carrybacks

Fair market value

Holding periods

Resident and Nonresident aliens

REITs, REMICs and RICs

Tax preference items

Nexus and interstate sales

Audit defense strategies

Taxpayers and tax practitioners should expect to see significant new developments in this area in the coming months. Be prepared, with The Adviser’s Guide to Sales and Use Tax:State and Local Compliance and Planning Opportunities!

About the Author:

Bruce M. Nelson, MA, CPA

Bruce Nelson has over 25 years’ experience in state and local tax, and is currently employed at Ehrhardt Keefe Steiner Hottman, P.C. (EKS&H), in Colorado. Prior to joining EKS&H, Bruce was with a law firm specializing in state tax audit defense and litigation; was Manager of Tax Policy at the State of Colorado; and was a Senior Tax Manager in a “Big Four” accounting firm. Bruce earned his B.A. from the University of Nebraska-Lincoln and a Master’s from Colorado State University. He is on the adjunct faculty for Regis University, and is a frequent seminar speaker. He teaches continuing education classes in state and local tax for the University of Denver’s Graduate Tax Program, the Colorado Society of CPAs, and the AICPA. Bruce has published more than forty tax articles in various publications, is a co-author of the Sales and Use Tax Answer Book, and a former columnist for the Journal of State Taxation. Bruce is a member of the AICPA and the Colorado Society of Certified Public Accountants.

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